Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0344%/8h= −37.6% APRpaid last 24h −0.119%

Price spread now: tradeXYZ against edgeX−0.119%106s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.384% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−1.117%−$112 on $10k

Price spread, last 3 days (all we have)+0.115%+$11 · spread now −0.119%, 7d avg +0.011%

Together, before fees−1.002%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$100 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and tradeXYZ is 0.129% cheaper against edgeX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,777.5	0.0394	pay 0.0197% / 4h	13m 40s	$565K	$356K	10x
Short	tradeXYZ xyz:SNDK	1,775.4	0.0050	get 0.0006% / 1h	13m 40s	$113.1M	$151.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee tradeXYZbpOrdersPrice spread, now −0.119%Rate

Funding earned: −$72.18
Price spread: −0.119% → +0.011%: −$12.93
Slippage, 4 orders: −$11.41
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$123.52
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from edgeX: live order book, 65 min ago; tradeXYZ: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 65 min ago	5.05 bp	9.6 bp −$10	11.3 bp −$113	46.2 bp −$4,624	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.28 bp	9.7 bp −$10	10.8 bp −$108	14.7 bp −$1,469	doesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SNDK-USDT	−0.0120%	8h	1,776.6	−0.050%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0085%	1h	1,775.9	−0.090%	$4.6M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,775.5	−0.116%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,776.5	−0.058%	$21.8M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,775.5	−0.115%	$283.4M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,775.7	−0.100%	$31.6M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,775.9	−0.090%	$86.8M	$844.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,775.5	−0.112%	$183.7M	$240.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,775.4	−0.119%	$47.8M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.7	+0.009%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.9	+0.022%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.6	+0.005%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,776	−0.085%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.8	−0.155%	$845	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,776.4	−0.061%	$50K	$303K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,775.8	−0.098%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775.8	−0.097%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,777.4	−0.008%	$671	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,776.8	−0.042%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,775.8	−0.095%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,776	−0.085%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.263%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.1	−0.135%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,776.2	−0.074%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,775.9	−0.090%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDKshort	+0.0050%	1h	1,775.4	−0.119%	$113.1M	$151.9M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,775.6	−0.107%	$203K	$124K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,775.6	−0.108%	$726K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,775.4	−0.116%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777	−0.029%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.8	−0.095%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.085%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,775.6	−0.109%	$211K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,776.5	−0.058%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.2	+0.036%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.2	−0.076%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0120%	1h	1,776.5	−0.058%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0165%	1h	1,776.3	−0.066%	$355K	$1.4M	10x	as long as short
edgeX SNDKUSDClong	+0.0394%	4h	1,777.5	long leg	$565K	$356K	10x
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,776.5	−0.058%	$129K	$406K	20x	as long as short